AGP Executive Report
Last update: 11 hours agoBig Four & housing: Westpac flagged a 20% slump in new sign-ups since the budget and warned investor demand is falling fast, while a “mortgage war” is expected to push more competitive rates as lenders chase shrinking loan books. Market pulse: ASX 200 slipped as BHP dragged the index and investors digested major earnings, with CBA’s full-year result still weighing on sentiment. RBA in focus: Markets also watched Reserve Bank governor Michele Bullock’s appearance and the latest wage data showing July wage growth edging up to 3.2%. GST fight: A Productivity Commission interim report reignited the GST distribution battle, with WA leaders calling the Morrison-era deal a “costly mistake” and NSW/other states pushing for a return to the pre-2018 system. Energy affordability: Australia hit 500,000 home battery installs under the Cheaper Home Batteries Program, a milestone aimed at lowering bills and easing grid pressure. Banking regulation: Treasury says a new prudential levy would have only modest pass-through to customers. Crypto & scams: ASIC moved against crypto exchange Yepbit, while an influencer exposed tactics used by gambling scammers targeting Australians.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
Perspectify News
